NBN Co has posted revenue growth despite offering telco providers extra bandwidth free of charge for the last six months | zoesam93
"Since the introduction of the offer, we have forgone revenue of more than $80 million in CVC capacity charges from internet retailers as part of our efforts to help support increased data use during COVID-19," Mr Rue said.
Residential revenue climbed 37 per cent to $3 billion. Average revenue per user in its residential division increased by $1 to $45 and more than 11.73 premises were ready to connect by June 30.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's foreign ministry co-signs letter calling for free elections in Hong KongFive nations including Australia have expressed 'deep concern' over Hong Kong's new National Security Laws and delayed elections.
Read more »
Pangai facing fine over barber shop bust as NRL begs for co-operationBroncos star Tevita Pangai jnr is being investigated for a COVID-19 breach after being caught up in a police raid at the opening of a Brisbane barber shop | app85
Read more »
Three Indigenous people dead in Peru after pandemic-related clash with policeCOVID-19 has hit the Indigenous peoples of the remote Peruvian Amazon hard.
Read more »
Prisoners train to be coronavirus cleanersOfficials say some prisoners already had cleaning duties in exchange for small amounts of money into their prison accounts, but they have been skilled up as part of the fight to prevent a widespread outbreak on the inside.
Read more »
Victoria's deadliest day as 19 people die of COVID-19Victoria has recorded its deadliest day of the COVID-19 pandemic, with 19 deaths overnight and 322 new cases.
Read more »
Economic impact of COVID-19 to 'hit earnings and dividends' | Sky News AustraliaThe ASX200 is up by about 0.7 per cent in early trade with the Australian Bureau of Statistics set to report Labor force figures on Thursday.\n\nEconomic forecasts predict the unemployment rate to increase from 7.4 per cent to 7.9 per cent over the course of July.\n\nThe GPT Group reported a loss of close to half a billion dollars in the first half of its financial year after its large retail portfolio was significantly affected by a reduction in foot traffic caused by COVID-19 lockdowns. \n\nFreight company Horizon meanwhile reported the coronavirus had no impact on its business which moves coal and other bulk minerals from inland Australia to the coast for export – recording a full-year profit up almost 30 per cent.\n\nAMP Capital’s Shane Oliver said the economic impact of COVID-19 would result in “a big hit to earnings” as a result of the coronavirus shutdowns which will “take earnings growth down to its biggest slump since the GFC”.\n\n“The other big theme will be a big cut to dividends,” he said. \n\nImage: Getty
Read more »